文章基本信息

标题：Towards a Hedonic Pricing Method for the Bucharest Private Housing Market
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作者：Ion Radu Zilișteanu ; Răzvan Muntean ; Ștefan Cristian Gherghina 等
期刊名称：Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi – Economic Sciences Series
印刷版ISSN：2501-1960
电子版ISSN：2501-3165
出版年度：2019
页码：389-413
DOI：10.2478/saeb-2019-0031
出版社：Sciendo
摘要：This paper aims at exploring the drivers of dwellings’ sale prices in Bucharest, Romania, over the period 2014-2018. Several housing structural attributes are covered, such as the number of rooms, useful and constructed surface, type of comfort, floor, the number of bathrooms, balconies and parking, the seniority from construction, as well as from renovation, structure type, height regime, and the duration until completion of the real estate transaction. By estimating a standard hedonic price model via OLS regression for a sample of 765 transactions, we notice that all the selected variables, except the floor level and seniority from construction, positively influence the property prices. However, in case of useful and constructed surface, nonlinear relationships with property prices were acknowledged. Robustness checks in form of quantile regressions reinforce the empirical findings.
关键词：hedonic regression;OLS;quantiles;structural attributes